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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Martin Ct Savannah, GA 31419

    • Commercial real estate
    • 1.70 lot acres
    For Sale
    View listing
    $1,275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1619633
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Martin Ct

    Lot size
    1.70 lot acres
    Property type
    Commercial real estate
    APN
    21034 01044

    Description

    This ±1.7-acre commercial lot is strategically located at 1 Martin Ct in Savannah, GA's Gateway West, at the northwest quadrant of I-95 and GA Highway 204, Exit 94. Boasting exceptional I-95 visibility, this property offers significant development potential. The site is zoned B-C (Community Business), allowing for a wide range of commercial uses. Infrastructure improvements are in place, including water and sewer, along with completed off-site road improvements. The property's prime location benefits from high traffic counts: over 93,000 vehicles daily on I-95 and nearly 33,000 on GA Highway 204. Gateway West is a thriving commercial area, featuring established businesses such as Harley Davidson, hotels, restaurants, and gas stations. Its proximity to the Henderson Golf Course, residential communities like The Links at Georgetown, and the rapidly expanding New Hampstead development (projected over 10,000 units) further enhances its value. GA Highway 204's connection to Abercorn Street, a major retail corridor with up to 57,000 vehicles daily, provides direct access to downtown Savannah, regional malls, hospitals, and the historic district. This exceptional location presents a rare opportunity for commercial development in a high-traffic, high-growth area. The Chatham County APN is 21034 01044. The asking price is $1,275,000. The property is offered in as-is condition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.28255552171
    Latitude
    32.009602376155

    Comparable in this City

    • $1,995,000
      13 SF

      Undeveloped Land I-95 Frontage

      13.02 acres of undeveloped land with I-95 frontage.
      600 Al Henderson Blvd, Savannah, GA 31419
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    • $450,000
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      Spacious Buildable Homesite Near Grove River

      2.56 acre homesite with Grove River access and shared dock.
      35 Shore Rd, Savannah, GA 31419
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    • $699,000
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      Savannah Buildable Acreage Near I-95

      9.73 acres near I-95, Hwy 17, and Hwy 204 extension.
      9.73 Ac Little Nck Rd, Savannah, GA 31419
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    • $250,000
      14 SF

      Commercial Land on Highway 17

      14.64 acres of commercially zoned land for sale.
      and Larchmont Ogeechee Rd, Savannah, GA 31419
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    • $239,900

      Estate Lot with Deep Water Access

      2.47 acre lot with deep water access and dock.
      23 Shore Rd, Savannah, GA 31419
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    • $699,000
      9.73 Acres

      Savannah Buildable Acreage Parcel

      9.73 acre buildable lot near shopping and dining.
      9.73 Ac Little Nck Rd, Savannah, GA 31419
      View Details

    Similar Nearby for Sale

    • $1,995,000
      13 SF

      Undeveloped Land I-95 Frontage

      13.02 acres of undeveloped land with I-95 frontage.
      600 Al Henderson Blvd, Savannah, GA 31419
      View Details
    • $450,000
      2.56 Acres

      Spacious Buildable Homesite Near Grove River

      2.56 acre homesite with Grove River access and shared dock.
      35 Shore Rd, Savannah, GA 31419
      View Details
    • $2,471,700
      7.49 Acres

      Hopeton Landing Commercial Land

      7.49 Acres, Savannah, GA. Prime Development.
      0 Little Neck Rd, Savannah, GA 31419
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    • $250,000
      14 SF

      Commercial Land on Highway 17

      14.64 acres of commercially zoned land for sale.
      and Larchmont Ogeechee Rd, Savannah, GA 31419
      View Details
    • $239,900

      Estate Lot with Deep Water Access

      2.47 acre lot with deep water access and dock.
      23 Shore Rd, Savannah, GA 31419
      View Details
    • $699,000
      9.73 Acres

      Savannah Buildable Acreage Parcel

      9.73 acre buildable lot near shopping and dining.
      9.73 Ac Little Nck Rd, Savannah, GA 31419
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Savannah Flex/Warehouse Space

      24,000 SF Flex Warehouse, Savannah, GA
      15000 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing
      6,900 SF

      Savannah Flex Space: ±6,900 SF

      Industrial flex space for lease in Savannah, GA. Excellent location & amenities.
      1871 Grove Point Rd, Savannah, GA 31419
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    • $240 SF/Yr
      1,200 SF

      Savannah Retail Space - Georgetown

      1,200 SF Retail Space Available in Savannah, GA
      1190A King George Blvd, Savannah, GA 31419
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    • $19 SF/Yr
      1,100 SF

      Retail Space on Abercorn Street

      Retail space available for lease on Abercorn Street.
      13015 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Freestanding Drive-Through on Abercorn Street

      2,500 SF drive-through in retail corridor with pylon signage.
      11411 Abercorn St, Savannah, GA 31419
      View Details
    • Contact for pricing

      Freestanding Restaurant on Abercorn Street

      2,532 SF restaurant on 1.73 AC near Savannah Mall.
      14020 Abercorn St, Savannah, GA 31419
      View Details
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    1 Martin Ct
    Savannah, GA 31419
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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